2025-05-13T16:15:13-05:00 2024-06-30 231980475 KREISCHER MILLER 100 WITMER ROAD SUITE 350 HORSHAM PA 190442369 990 2023-07-01 231178880 VALLEY FORGE MILITARY ACADEMY FOUNDATION VALL 6109891200 1001 EAGLE ROAD WAYNE PA 19087 JOHN LANETTI JR CHIEF FINANCIAL OFFICER & TREA 6109891200 2025-05-13 1 1 BRAD FREDERICK P00686625 2154414600 2023 2025-03-06 01:10:19Z COL STUART B HELGESON 1001 EAGLE ROAD WAYNE PA 19087 12789347 0 X WWW.VFMAC.EDU X 1928 PA EDUCATIONAL INSTITUTION FOCUSED ON BUILDING LEADERSHIP THROUGH A MILITARY ENVIRONMENT . 9 9 133 5 -38203 0 3238403 4088040 10307118 5483682 9289366 702914 359085 954420 23193972 11229056 3146054 1465016 0 0 6020885 3844584 0 0 546895 9699795 5661828 18866734 10971428 4327238 257628 43710785 45718541 10619090 10827183 33091695 34891358 X TO EDUCATE CADETS, WITH IN AN ACADEMIC AND MILITARY ENVIRONMENT, TO BE FULLY PREPARED FOR THEIR RESPONSIBILITIES AS CITIZEN LEADERS WHO ARE MENTALLY ALERT, SOUND IN BODY, CONSIDERATE OF OTHERS AND POSSESSED OF LOVE OF GOD AND COUNTRY,HIGH MORAL STANDARDS AND STRONG CHARACTER TRAITS THAT WILL MAKE ALL A CREDIT TO THEMSELVES, THEIR FAMILIES, THEIR ALMA MATER, THEIR COUNTRY, AND THEIR GOD. 0 0 5479314 1465016 4158307 VALLEY FORGE PROVIDES CADETS WITH AN EDUCATIONAL EXPERIENCE BUILT ON OUR FIVE CORNERSTONES: ACADEMIC EXCELLENCE, CHARACTER DEVELOPMENT, PERSONAL MOTIVATION, PHYSICAL DEVELOPMENT, AND LEADERSHIP. A VALLEY FORGE EDUCATION IS ROOTED IN QUALITY ACADEMIC PROGRAMS SUPPORTED BY LEADERSHIP RESPONSIBILITIES AND STRONG ATHLETIC AND EXTRACURRICULAR OPPORTUNITIES. THE COLLEGE HOSTED 79 STUDENTS DURING THE YEAR. 5479314 1 1 0 0 0 0 0 0 0 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 1 8 0 1 133 1 1 1 0 0 0 0 1 1 0 1 1 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 PA X JOHN LANETTI CFO 6109891200 1001 EAGLE ROAD WAYNE PA 19087 JOHN ENGLISH CHAIRMAN 1.00 X X 0 0 0 COL JOSEPH A BARTASIUS BOARD MEMBER 1.00 X 0 0 0 WILLIAM R FLOYD JR BOARD MEMBER 1.00 X 0 0 0 MARK KELTON BOARD MEMBER 1.00 X 0 0 0 DR WILLIAM H MARTOCCIA JR BOARD MEMBER 1.00 X 0 0 0 J KENT MCNEW BOARD MEMBER 1.00 X 0 0 0 CONRAD E MUHLY IV BOARD MEMBER 1.00 X 0 0 0 DR CHRISTINE ANNE ROYCE BOARD MEMBER 1.00 X 0 0 0 GEORGE H SCHILDGE BOARD MEMBER 1.00 X 0 0 0 JONATHAN TRATT BOARD MEMBER 1.00 X 0 0 0 COL KENNETH M DETREUX BOARD MEMBER 1.00 X 0 0 0 COL STUART HELGESON PRESIDENT 40.00 X 169904 0 15284 JOHN LANETTI CHIEF FINANCIAL OFFICER 40.00 X 127058 0 5384 WILLIAM D G MOTT COMMANDANT OF CADETS 40.00 X 102891 0 11316 399853 0 31984 3 0 1 0 ROCKWELL CUSTOMS 126 EAST STATE STREET MEDIA PA 19063 CONSTRUCTION 1210644 CULINART GROUP 150 GORDON DRIVE EXTON PA 19341 FOOD SERVICE 717045 WHITSON'S CULINARY GROUP 10 SENTRY PARKWAY SUITE 110 BLUE BELL PA 19422 FOOD SERVICE 677458 GREAT VALLEY PROPANE 195 LANCASTER AVENUE MALVERN PA 19355 CONSTRUCTION 356627 PECO ENERGY 2301 MARKET STREET PHILADELPHIA PA 19103 UTILITES 356063 11 4088040 296015 4088040 TUITION AND FEES 611600 3816641 3816641 FACILITIES RENTAL VFMA 611600 880000 880000 SUMMER CAMP PROGRAM 611600 341919 341919 FIELD RENTALS - SUMMER CAMP 611600 323722 323722 FACILITIES RENTAL 611600 121400 121400 5483682 486420 486420 44442 82645 -38203 -38203 -38203 1691935 800 1476241 0 215694 800 216494 216494 1405 -1405 -1405 MANAGEMENT FEE VFMA 900099 691680 691680 OTHER INCOME 900099 302348 302348 994028 11229056 5483682 -38203 1695537 1465016 1465016 431837 431837 3193158 1464262 1514002 214894 219589 72778 134070 12741 266484 266484 80000 80000 172144 172144 1034479 147892 873965 12622 51553 50135 1418 601048 49953 512538 38557 45412 45412 42671 9717 20691 12263 276728 276728 1371452 1371452 684629 684629 FOOD SERVICE 490148 490148 UTILITIES 415055 415055 STUDENT PROGRAMS 104743 89968 7759 7016 UNIFORMS 74270 67634 6636 -48988 1621946 -1918318 247384 10971428 5479314 4945219 546895 2375363 329010 173029 141086 44478 5000000 4500000 81743 100944 1033785 1152299 58677391 40597448 15394064 18079943 8289521 8358460 11222194 13153407 43710785 45718541 4360297 2878633 1661221 1625969 600000 600000 3117132 5722581 880440 0 10619090 10827183 X 9156245 8564991 23935450 26326367 33091695 34891358 43710785 45718541 X 257628 151916 1390119 X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9824440 1298904 333928 620000 10837272 10548347 45300 469316 750000 488523 9824440 12135210 62470 -576333 973000 100000 10548347 11258900 34235 1839650 683300 314275 12135210 11550312 55706 249482 596600 11258900 0.89427 0.10573 1 0 1086614 1086614 49956590 33587651 16368939 7232793 7009797 222996 401394 401394 18079943 INTEREST IN CHARITABLE REMAINDER TRUSTS 1655880 INTEREST IN PERPETUAL CHARITABLE TRUSTS 10955027 DUE FROM VFMA ACADEMY 542500 13153407 X 11216576 151916 1472764 1624680 9591896 172144 1465016 1637160 11229056 9416913 82645 82645 9334268 172144 1465016 1637160 10971428 PART X, LINE 2: THE FOUNDATION HAS BEEN RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ORGANIZATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(1) OF THE IRC. NO PROVISION FOR INCOME TAXES HAS BEEN REFLECTED IN THE ACCOMPANYING FINANCIAL STATEMENTS. FOR THE YEARS ENDED JUNE 30, 2024, THE FOUNDATION DID NOT IDENTIFY ANY UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, WHICH WOULD REQUIRE ADJUSTMENT TO OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS POTENTIALLY SUBJECT TO FEDERAL, STATE, AND LOCAL EXAMINATIONS FOR YEARS SUBSEQUENT TO JUNE 30, 2020. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 376,601. CHANGE IN VALUE OF PERPETUAL CHARITABLE TRUSTS 1,012,113. RENTAL EXPENSES 82,645. FUNDRAISING EXPENSES 1,405. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,465,016. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 82,645. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 1,465,016. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ADVERTISING INCLUDES THE REQUIRED STATEMENTS REGARDING OUR RACIAL NONDISCRIMINATORY POLICY IN BOTH PRINT AND RADIO. SCHEDULE E, PART I, LINE 6 VALLEY FORGE MILITARY ACADEMY AND COLLEGE RECEIVES A GRANT THROUGH THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE AGENCY INSTITUTIONAL ASSIST GRANT PROGRAM. 1 VARIOUS SCHOLARSHIPS AND AWARDS 79 1465016 PART I, LINE 2: VF AWARDS INTERNAL MERIT SCHOLARSHIPS BASED ON THE CADET'S GRADES (GPA) FROM HIS/HER PREVIOUS SCHOOL AND FINANCIAL NEED. THERE IS A MATRIX USED TO DETERMINE THE AMOUNT TO BE AWARDED TO EACH CADET. THERE ARE ALSO AID AWARDS WHICH ARE BASED ON SUBMITTED FAFSA FORMS. BOTH FEDERAL AND STATE GOVERNMENTS HAVE CHARTS DETERMINING AID SUCH AS THROUGH PHEAA AND PELL GRANTS. X 1 1 X X 0 0 0 0 0 0 0 0 0 COL STUART HELGESON PRESIDENT 169904 0 0 0 0 0 0 0 15284 0 185188 0 0 0 GEORGE H SCHILDGE TRUSTEE OPERATING CASH FLOW X 100000 100000 0 1 1 RICHARD A HOCKER FORMER TRUSTEE OPERATING CASH FLOW X 150000 150000 0 1 1 CONRAD E MUHLY IV TRUSTEE OPERATING CASH FLOW X 100000 100000 0 1 1 JONATHAN TRATT TRUSTEE OPERATING CASH FLOW X 250000 250000 0 1 1 600000 X 2 48904 DONOR SUPPLIED X FURNITURE 1 263500 DONOR SUPPLIED X EQUIPMENT 3 32515 DONOR SUPPLIED 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION RECEIVES A COPY OF THE 990 FROM THE ACCOUNTING FIRM PREPARING THE RETURN. THE CFO REVIEWS THE 990. AFTER REVIEW BY THE CFO, THE FORM IS PRESENTED TO THE BUDGET, AUDIT AND FINANCE (BAF) COMMITTEE FOR ITS REVIEW, APPROVAL AND RECOMMENDATION. THEN, THE BAF COMMITTEE PRESENTS THE FORM TO THE FULL BOARD OF TRUSTEES FOR ITS REVIEW AND APPROVAL PRIOR TO THE FILING OF THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C AN ANNUAL QUESTIONNAIRE IS SENT TO ALL BOARD MEMBERS AND SENIOR STAFF MEMBERS DOCUMENTING WHETHER THEY ARE INVOLVED IN ANY BUSINESS WITH THE FOUNDATION THAT COULD BE CONSTRUED AS GIVING RISE TO A POTENTIAL CONFLICT OF INTEREST. FAMILY AND BUSINESS RELATIONSHIPS ARE SPECIFICALLY INDICATED IN THE QUESTIONNAIRE AS BEING SOURCES OF POTENTIAL CONFLICTS. THESE QUESTIONNAIRES ARE SIGNED BY EACH BOARD MEMBER AND SENIOR STAFF MEMBER AND RETURNED TO THE FOUNDATION'S CFO FOR MONITORING OF POTENTIAL CONFLICTS. ANY TRANSACTIONS WITH AN INTERESTED PARTY ARE AT ARM'S LENGTH AND ARE DISCLOSED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S BOARD OF TRUSTEES DETERMINES THE COMPENSATION FOR THE PRESIDENT USING VARIOUS METHODS THAT ENSURE THAT COMPENSATION IS IN LINE WITH THE FAIR MARKET RANGE FOR THE INDUSTRY. SURVEYS PROVIDED BY ORGANIZATIONS THAT SERVE AS CONSORTIUMS OF INDEPENDENT SCHOOLS ARE REFERENCED AND REVIEWED AS WELL AS FORMS 990 OF OTHER, SIMILAR ORGANIZATIONS. THE DISCUSSIONS AND DECISION BY THE EXECUTIVE COMMITTEE TAKE PLACE IN CLOSED SESSION, HOWEVER, THE PRESIDENT'S COMPENSATION PACKAGE IS DISCUSSED WITH AND PRESENTED TO THE BOARD PRIOR TO THE FINAL DECISION. OTHER KEY EMPLOYEES HAVE THEIR COMPENSATION PACKAGE RESEARCHED BY THE HUMAN RESOURCES DEPARTMENT INCLUDING COMPARISON WITH INDUSTRY STANDARDS. THESE PACKAGES ARE PRESENTED TO THE PRESIDENT FOR REVIEW AND FINAL APPROVAL AFTER DISCUSSIONS WITH THE BOARD PRIOR TO THE FINAL DECISION. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF PERPETUAL CHARITABLE TRUSTS 1,012,113. CHANGE IN VALUE OF CHARITABLE REMAINDER TRUSTS 376,601. FUNDRAISING EXPENSES 1,405. (2) CHARITABLE REMAINDER UNITRUSTS 1001 EAGLE ROAD WAYNE PA 190873695 INVESTMENTS PA N/A T 0 (1) CHARITABLE REMAINDER UNITRUST 1001 EAGLE ROAD WAYNE PA 190873695 INVESTMENTS PA N/A T 0 (3) CHARITABLE REMAINDER UNITRUST 1001 EAGLE ROAD WAYNE PA 190873695 INVESTMENTS PA N/A T 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0